Profile Solutions, Inc. Announces the Acquisition of License to Prepare 10,000 Square Meters of Farm Land Located in Arava, Israel
June 11, 2019 at 08:10 am EDT
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Profile Solutions, Inc. announced the acquisition of a license to prepare 10,000 square meters of farm land located in Arava, Israel to grow, cultivate, distribute and export Medical Cannabis in and from Israel. The license shall be assigned by Gidon Blum to Green Horizon Ltd. or such other name as shall be mutually agreed upon by the Parties, provided that such name is approved by the Israeli Registrar of Companies. Green Horizon shall be owned 74% PSIQ and 26% Blum. The parties shall (a) prepare the farm to grow, cultivate, distribute and export Medical Cannabis based upon the most advanced agricultural and medical know-how and experience according to best-in-class quality standards and policies, including Good Agricultural Practices (b) attain all required licenses and permits required to grow, cultivate, distribute and export Medical Cannabis (c) transfer temporary license as soon as possible to Green Horizon and all future licenses and permits issued directly to Green Horizon. PSIQ shall advance the required funds to prepare the farmland with the intent of a permanent license to grow, cultivate, distribute and export Medical Cannabis. The facility shall include (a) agricultural farm with large open areas for advanced greenhouse complex for growing medical cannabis (b) processing and Extraction facility for medical cannabis (c) advanced nursery to produce medical cannabis plants (d) security to prevent the leakage of material to unauthorized parties. Private operation coordinated with local police including local armed guards 24 hours per day, 365 days per year (e) water in enough quantity and flow for grow and cultivation and (f) electric in enough quantity and flow for grow and cultivation.
Profile Solutions, Inc., through its subsidiary Elite Products International, Inc. is a distributor and manufacturer in the cannabinoid (CBD) industry. The Companyâs products contain CBD Hemp extracts in the form of edibles, creams, oils, and salves. Its product categories include gummies, such as Delta 8 Gummies, Delta 9 Gummies, Delta 10 Gummies, HHC Gummies, Sleep Gummies, Energy Gummies, Focus Gummies, Vegan Gummies, Zero THC Vegan Gummies, Sugar-Free Gummies, Wine Jelly, CBD Chocolates, Delta-8 Chocolates, CBD Honey, and CBD Tea & Coffee; oils, which include tinctures, such as THC-O Tinctures, Delta-8 Tinctures, Delta-9 Tinctures, and Delta-10 Tinctures; health and body products CBD Pain Relief Creams, CBD Capsules, and CBD Diet, and pet products, such as Pet Tinctures and Pet Treats.